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Could Natwest demand repayment of a loan?


lolly
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Hi,

 

We are holding fire on sending off our letters to Natwest whilst we open a parachute account.

 

However, we also have a £17K loan with them and are concerned they could demand repayment of that if they decide to get their knickers in a twist about our claim.

 

Is that legal and has that happened to anyone else on the forum?

 

If this is a possibility we will apply for a new loan elsewhere. We have tried once already but got turned down and dont want loads of searches on our credit reports, but if its a necessity we'll just have to do it!! :(

 

Any thoughts welcome.

 

Lolly

American Express - Prelim letter 9/05. Settlement 12/05 :)

Barclaycard - £265. Prelim letter sent 9/05. LBA sent 30/5. Offered partial settlement. Declined.

NatWest Credit Cards - £92 -Prelim letter sent 9/05. LBA sent 30/05.

Natwest Bank account - £950 Prelim letter sent 30/05. LBA sent 15/06.

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There is no legal basis by which they could do so. As long as you are up to date with payments etc then you will be fine.

..

.

 

Opinions given herein are made informally by myself as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

 

 

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  • 12 years later...

This topic was closed on 11 March 2019.

If you have a problem which is similar to the issues raised in this topic, then please start a new thread and you will get help and support there.

If you would like to post up some information which is relevant to this particular topic then please flag the issue up to the site team and the thread will be reopened.

- Consumer Action Group

American Express - Prelim letter 9/05. Settlement 12/05 :)

Barclaycard - £265. Prelim letter sent 9/05. LBA sent 30/5. Offered partial settlement. Declined.

NatWest Credit Cards - £92 -Prelim letter sent 9/05. LBA sent 30/05.

Natwest Bank account - £950 Prelim letter sent 30/05. LBA sent 15/06.

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That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

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